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4106-08 S Lake Park Avenue, Chicago, IL 60653

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For Sale

$574,000

3 beds

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Over 50 Years Old
    Age

Explore this Property

On the Confluence of the Shores of Lake Michigan in East Oakland on coveted Lake Park Ave. Storybook setting Exceptional Unicorn 1890's Brick Vintage 2 Flat Row Home PLUS NON CONFORMING (CODE WORD FOR NOT LEGAL) SEMI FINISHED GARDEN STUDIO APARTMENT set on Corner Double Lot. Absolutely flooded with natural light, open loft like floor plan, hardwood floors, soaring ceilings, separate GFA, H20, Individual Circuit breakers, Skylight, Stainless Steel Appliances, Herringbone patterned backsplash, individual washer/dryer in each unit, Updated bath with wainscotting tile. Full semi-finished nonconforming basement perfect for Duplexing, Live/Work, Extended Family, or future Airbnb. Whimsical Side Garden/Yard, Patio, Multiple decks and 2 car exterior parking pad. Generous zoning provides multiple paths of opportunity and offers diverse investment objectives without committing to a path upfront This is a perfect affordable user or hybrid development asset that is well located and checks all the boxes. Building is NOT landmark nor a landmark district. Zoning Certification is 2 legal units. Floorplans & survey available. Unit 1 is leased 1450 through 11/24. Unit 2 is leased at 1500.00 through 09/25. The Garden Studio Unit is NOT legal, semi finished, vacant and projected at 850.00. 2 pins total tax bill 5257.61. Building 4021.81/ Separate Lot 1235.80. This is an amazing opportunity for a savvy buyer. For Owner Occupants BOA Eligible buyers can get 10k down pmnt grant( up to 10k) on a 95 LTV. Also can get 7500 as closing cost grant. Max Income is 164,700. See brokers private remarks for other value insights.
MLS# 12195498

Courtesy Of North Clybourn Group, Inc.

(773) 252-0600

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Deck, Dock, Patio
  • Architecture Style
    Other
  • Exterior Type
    Brick

Map and Directions

Directions to 4106-08 S Lake Park Avenue, Chicago, IL 60653

Home seller CENTURY 21 S.G.R., Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 S.G.R., Inc.

(312) 326-2121
Learn More About Us

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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